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Stock impact report

Zacks Industry Outlook Highlights Wells Fargo and Northern Trust [Yahoo! Finance]

Wells Fargo & Company (WFC) 
Last wells fargo & company earnings: 4/14 07:46 am Check Earnings Report
US:NYSE Investor Relations: wellsfargo.com/about/investor-relations
Company Research Source: Yahoo! Finance
Industry: Regional Banks Link: https://www.zacks.com/commentary/2267671/2-major-regional-banks-to-buy-on-high-rates-economic-growth The Zacks Major Regional Banks will benefit from high rates as net interest income (NII) continues to witness a marginal rise despite increasing funding costs impeding net interest margin (NIM) expansion. Solid economic growth and modest loan demand will also support banks' financials in the near term. Business restructuring/expansion initiatives and digitization will offer support. Though weakening asset quality is likely to exert pressure on the financials to some extent, major banks like Wells Fargo & Co. and Northern Trust Corp. are worth investing in. About the Industry The Zacks Major Regional Banks industry includes the nation's largest banks in terms of assets, with most operating globally. The financial performance of these banks largely depends on the nation's economic health. As the banks are involved in several complex financial act Show less Read more
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